(AP photo/Brennan Linsley)

Encana sends Louisiana shale assets to private venture in $850 million deal

Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.
(AP Photo/Williston Herald, Jerry Burnes, File)

Texas adds 35,800 jobs in July, but oil and gas employment still muddled in crude crash

The Fed said that Texas gained 35,800 jobs broadly across the economy, and raised its state employement forecast up a fraction to 1.3 percent. That put total forecasted job growth in the state to 154,200 jobs this year.
Cobalt International Energy used the Petroserv SSV Catarina Rig to drill the Lontra #1 discovery well off the coast of Angola.  (Cobalt International Energy)

Cobalt sells its offshore Africa assets for $1.75 billion

Cobalt is unloading its 40 percent stake in two sizable blocks offshore of Angola in the deal that is expected to close by Jan. 1, subject to customary Angolan government approvals.
(AP Photo/Matthew Brown, File)

Nearly $8 billion deal to create second largest U.S. utility company

The combined business will include 11 regulated electric and natural gas distribution companies, serving approximately 9 million customers.
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell looking at Texas sites for new chemical plant

Speaking at the company’s sprawling Channelview complex where LyondellBasell will start up 250 million pounds of new ethylene capacity near the end of September, Patel said an announcement likely will come later this year on adding more production of polyethylene, which is the most common type of plastic.
In April 2010, businessman and philanthropist George Mitchell attends an event in The Woodlands. Mitchell died in 2013. (AP Photo/Conroe Courier, Eric S. Swist)

EPA’s methane crackdown wins endorsement from oil icon’s Texas foundation

The charitable foundation that is a legacy of George Mitchell, the “father of fracking,” has endorsed the proposed methane rules.

Miller Energy reaches tentative deal on SEC charges

Miller Energy, which relocated from Tennessee to Houston early this year, is fighting to stave off filing for bankruptcy, and the company said in a new CEO filing Thursday that it will pay the $5 million over three years.
Student Paul Denetdeale practices at a pipe welding school operated by Fluor, a major construction contractor, Feb. 13, 2014 in Houston. Flour is leading training classes for some workers who will eventually learn the skills they need to do pipe welding. The training classes are critical to shore up the construction labor pool.

(Eric Kayne/For the Chronicle)

Fluor forms joint venture with China offshore giant

The energy construction and engineering company is teaming up with the state-owned China National Offshore Oil Corp., or CNOOC, and its subsidiary, the Offshore Oil Engineering Co., to form the new COOEC Flour Heavy Industries Co.

Commentary: Fossil Fuels are the Solution, Not the Problem

The George C. Marshall Institute has recently released a study on fossil fuels and the economic well-being, http://marshall.org/energy-policy/fossilfuel-energy-and-economic-wellbeing.   It describes why energy is an essential input to economic activity. Because fossil fuels are such a large part of the world’s energy supply, they play a dominant role in enabling people everywhere to enjoy a […]
Categories: General
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Swift Energy risks NYSE delisting

Swift, which focuses on exploration and production in Texas and Louisiana, has struggled financially for a few years, but has seen its value dip precipitously along with oil prices since last year.